Updated Cap Rate Calculation Annual Gross Income: $125,741 Annual Operating Expenses: $46,487 Net Operating Income (NOI): $79,254 Asking Price: $1,299,000 Cap Rate = NOI Purchase Price 100 $79,254 $1,299,000 = 6.10% Cap Rate Property Remarks Exceptional investment opportunity in the highly desirable Richmond Hill neighborhood of Queens. This well-maintained six-unit multifamily building offers approximately 4,800 square feet of living space across three stories on a 0.06-acre lot. Built in 1930 and zoned R4A, the property produces an annual gross income of $125,741 and a net operating income of $79,254, resulting in an attractive 6.10% cap rate at the asking price. The building offers stable cash flow with strong upside potential and is ideally positioned in a high-demand rental market. Conveniently located near public transportation, shopping, schools, parks, and major highways, this turnkey asset presents an outstanding opportunity for investors seeking consistent income and long-term appreciation in one of Queens' most established neighborhoods.

Property Details

Interior Features

Utilities and Appliances

Community

Other Details

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 1, 2026 9:24 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

Name

Your Email Address

Phone

Message Send me the deed for 8732 114th Street Richmond Hill NY 11418 (ID#:1016032)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 8732 114th Street Richmond Hill NY 11418 (ID#:1016032)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 8732 114th Street Richmond Hill NY 11418 (ID#:1016032)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details of 8732 114th Street

Property Details

Building

Location

Interior Features

Basement

Utilities and Appliances

Utilities and Appliances

Community

Schools

Other Details

Water

Map Location

Driving Directions

Flatiron

Listing Tools

Property Details of 8732 114th Street

Property Details

Building

Location

Interior Features

Basement

Utilities and Appliances

Utilities and Appliances

Community

Schools

Other Details

Water

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Flatiron